WTI 1st Line Balmo Future

Description

A balance of the month cash settled future based on the daily
settlement price for WTI Futures.

Market Specifications

Trading Screen Product Name

Crude Futures (balmo)

Trading Screen Hub Name

WTI 1st Line

Commodity Code

02L-03F

Contract Size

1,000 barrels

Unit of Trading

Any multiple of 1,000 barrels

Currency

US Dollars and cents

Trading Price Quotation

One cent ($0.01) per barrel

Settlement Price Quotation

One tenth of one cent ($0.001) per barrel

Minimum Price Fluctuation

One tenth of one cent ($0.001) per barrel

Last Trading Day

Last Trading Day of the contract month

Floating Price

In respect of daily settlement, the Floating Price will be
determined by ICE using price data from a number of sources
including spot, forward and derivative markets for both physical
and financial products.

Final Settlement

In respect of final settlement, the Floating Price will be a price
in USD and cents per barrel based on the average of the settlement
prices as made public by NYMEX for the front month WTI Futures
contract for the month of production.